SEC Form 4 · accession 0001209191-18-009915
SYNOVUS FINANCIAL CORP · SNV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Barton Singleton
Officer — EVP/Synovus Finan.Mgmt.Svcs.
Period of report
Feb 12, 2018
Accepted (ET)
Feb 14, 2018 · 1:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000018349
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 12, 2018 | A | 399 | $48.11 | A | 68,341 | D | |
| Common StockF3 | Feb 12, 2018 | F | 1,000 | $48.11 | D | 67,341 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 16, 2016, the reporting person reported the grant of certain market restricted stock units (the "MRSUs"). The MRSUs have a service-based vesting component as well as a Total Shareholder Return Multiplier. On February 12, 2018, pursuant to the terms of the service-based vesting component of the MRSUs, the second tranche of such award vested. Based upon the Total Shareholder Return Multiplier, the reporting person received 399 additional shares of the Company's restricted stock, such shares representing the amount vested in excess of the target amount of MRSUs initially reported on Form 4 in February 2016.
- F2Includes 55 shares acquired through dividend reinvestment.
- F3These shares were withheld upon the vesting of MRSUs to pay tax witholding obligations.